Latest / Ron Verb / Tuesday 4pm hour 06/16/26

Transcript

Tuesday 4pm hour 06/16/26 · Ron Verb

• 0:00
  Speaker 1: Back to it. News Radio 570 at ODKVN. Ron Furb,
• 0:02
  Speaker 1: it's 407 here in the afternoon. 76 degrees. All right, Jake,
• 0:06
  Speaker 1: go ahead. I'm sorry for the delay.
• 0:09
  Speaker 2: Not a problem, sir. Thanks for having me. I'm just saying,
• 0:13
  Speaker 2: in my experience in the mixed martial arts world, it's overwhelmingly...
• 0:20
  Speaker 2: I'm not saying Republican. I'm saying on Trump's.
• 0:23
  Speaker 3: Side, right?
• 0:25
  Speaker 2: Or somebody like that. An outsider... I was always looking
• 0:29
  Speaker 2: out for that. John McCain was a great example because
• 0:32
  Speaker 2: he was completely against it and said it was human
• 0:34
  Speaker 2: cockfighting and wanted to ban it because it's John McCain,
• 0:38
  Speaker 2: a great war hero and a terrible politician, a terrible senator.
• 0:43
  Speaker 2: He wouldn't even protect his own border. So it tells
• 0:46
  Speaker 2: you where that is. So I'm saying, and who was
• 0:50
  Speaker 2: the audience in attendance? Military, veterans, and first responders? Right.
• 0:58
  Speaker 2: This only pushed them further in Trump's direction. Right. So
• 1:03
  Speaker 2: if it's not Trump, if it's J.D. Vance, if it's
• 1:05
  Speaker 2: Marco Rubio, I think it really bolstered the people who
• 1:10
  Speaker 2: hate the UFC also hate Trump. Right. So, that's a wash.
• 1:17
  Speaker 2: You know, I don't think you're losing anything. I don't
• 1:20
  Speaker 2: mind your argument of saying we shouldn't have that at
• 1:23
  Speaker 2: the White House. That part doesn't bother me. I'm saying
• 1:27
  Speaker 2: for the voting, because you were talking about the war. Well,
• 1:31
  Speaker 2: we're going to lose the midterms, but we're going to
• 1:33
  Speaker 2: lose this. Right, because what if Trump's... of what Trump's doing,
• 1:38
  Speaker 2: and I'm saying this was bringing more people into the fold.
• 1:42
  Speaker 2: That's all. That's my only... I'm in favor of it anyway. However,
• 1:46
  Speaker 2: I'm saying for the election aspect of it, I think
• 1:51
  Speaker 2: this only bolstered Trump's chances.
• 1:54
  Speaker 1: All right. Thank you, Jake. NewsRadio 570 WQN, you're on
• 1:57
  Speaker 1: the air.
• 1:57
  Speaker 4: Yeah, how you doing, Ron?
• 2:00
  Speaker 1: I'm well.
• 2:01
  Speaker 4: I enjoyed your show yesterday, especially the closing with your colleague...
• 2:06
  Speaker 4: That was really entertaining.
• 2:08
  Speaker 1: Oh, how about that? A little insight there. That's how
• 2:12
  Speaker 1: I ended up here.
• 2:13
  Speaker 4: Was that Carolyn Persutti?
• 2:16
  Speaker 1: Yes, Carolyn Persutti is how I ended up in Youngstown.
• 2:20
  Speaker 4: Yes, and that was fascinating. I remember the other, you
• 2:24
  Speaker 4: were talking about how she looks the same now as
• 2:27
  Speaker 4: she did then. That's her Italian genes.
• 2:29
  Speaker 1: Yes.
• 2:29
  Speaker 4: It's like, remember Gina Marinelli and Mary Jo Maluso, the
• 2:34
  Speaker 4: news anchors?
• 2:35
  Speaker 1: Well, Carolyn Persutti looks– time has treated her well. She's
• 2:39
  Speaker 1: aged gracefully. So, I mean, she's– really, it's really– it
• 2:45
  Speaker 1: was a pleasure to see her, but that's really how
• 2:48
  Speaker 1: I ended up in Youngstown, because of her and bringing my–
• 2:57
  Speaker 1: My name to Pete Gabriel because she was already here. Well,
• 3:01
  Speaker 1: that's how it all materialized. That's what I was talking
• 3:03
  Speaker 1: about yesterday to her. And, you know, if you think
• 3:06
  Speaker 1: like you should really think about people that have really
• 3:08
  Speaker 1: made huge changes in your life as you go through
• 3:13
  Speaker 1: your life. I mean, it's interesting how one individual can.
• 3:17
  Speaker 1: can make a huge difference in your life in so
• 3:19
  Speaker 1: many ways. I mean, somebody that's– think about it, all
• 3:22
  Speaker 1: of you that are listening, the first person who ever
• 3:24
  Speaker 1: hired you for a job when you were a young
• 3:26
  Speaker 1: person and hired you and paid you and taught you
• 3:31
  Speaker 1: how to work. I mean, there's so many people that–
• 3:33
  Speaker 1: wouldn't you agree that are like– changed your life, uh, to,
• 3:38
  Speaker 1: to a large extent. I mean, I would not.
• 3:40
  Speaker 4: All it takes is that one, one opportunity and that
• 3:43
  Speaker 4: one day where they, you know, do something that makes
• 3:45
  Speaker 4: the big change.
• 3:46
  Speaker 2: Yeah.
• 3:46
  Speaker 1: The change is your course. I mean, I, uh, I
• 3:50
  Speaker 1: will tell everybody, I would not have ended up in
• 3:52
  Speaker 1: broadcasting if it wasn't for my older brother. I have
• 3:54
  Speaker 1: an older brother who's 10 years older than me that, uh,
• 3:57
  Speaker 1: that wasn't broadcasting at the time. And I would go
• 3:59
  Speaker 1: with them. I was just a little kid, a 10, 11,
• 4:02
  Speaker 1: 12 years old when he would go to work. And, uh,
• 4:05
  Speaker 1: that's how i became exposed to it uh back when
• 4:09
  Speaker 1: i was just a just a little kid to say
• 4:11
  Speaker 1: and again kind of my brother was uh guiding me
• 4:15
  Speaker 1: in a direction there and i didn't even didn't even
• 4:17
  Speaker 1: realize it but you know if you didn't carolyn pursued
• 4:20
  Speaker 1: he didn't uh bring my uh we worked together in
• 4:23
  Speaker 1: canton and if she didn't come here and tell pete
• 4:26
  Speaker 1: gabriel about me and then pete gabriel hiring me i'd
• 4:30
  Speaker 1: I don't think any of this would have materialized, and
• 4:32
  Speaker 1: I would have never dreamed I would be here for
• 4:34
  Speaker 1: 41 years. It's amazing.
• 4:36
  Speaker 4: And I like that crack reporter comment that you made
• 4:40
  Speaker 4: about her.
• 4:40
  Speaker 1: That was good. Well, I meant it in good fashion.
• 4:45
  Speaker 1: Make no mistake. She just took it wrong at that point.
• 4:48
  Speaker 1: Now let me go back to you for a second.
• 4:49
  Speaker 1: I want to go back to you and give me
• 4:52
  Speaker 1: your assessment on a couple of things because you're a
• 4:55
  Speaker 1: sharp guy with finances. I want to pick your brain
• 4:58
  Speaker 1: for a second. So what are your thoughts– today on
• 5:03
  Speaker 1: the SpaceX stock as it went up again today.
• 5:07
  Speaker 4: Still positive. Unlike your last caller yesterday where he said
• 5:12
  Speaker 4: he would short the stock, you can't do that with SpaceX.
• 5:18
  Speaker 4: There's not enough shares to be available to short. And
• 5:23
  Speaker 4: you can't even margin SpaceX, so you've got to have
• 5:26
  Speaker 4: the cash. You can't buy it on margin. It's non-marginable.
• 5:31
  Speaker 3: But..
• 5:32
  Speaker 4: I went back and I re-watched that interview on CNBC
• 5:38
  Speaker 4: on YouTube with Ron Barron about his assessment, and it
• 5:43
  Speaker 4: was so positive. And what I didn't know, that SpaceX
• 5:48
  Speaker 4: is getting $ 1. 5 billion a month from Anthropic to use their...
• 5:58
  Speaker 4: They call it a computing center, but it's a data center.
• 6:01
  Speaker 4: In Memphis, Tennessee, it's the biggest in the world. And
• 6:06
  Speaker 4: that's going to add up to $ 25 billion a year
• 6:10
  Speaker 4: just from Anthropic renting a space on their computing platform,
• 6:16
  Speaker 4: their AI platform.
• 6:20
  Speaker 1: Isn't that similar to, and you would know this, like Amazon,
• 6:23
  Speaker 1: when we think of Amazon, I mean, they come to
• 6:25
  Speaker 1: your house and they bring you your stuff. But Amazon
• 6:28
  Speaker 1: really makes, I think, the bulk of its money from AWS,
• 6:32
  Speaker 1: Amazon Web Services. I mean, it's huge. I mean, it
• 6:36
  Speaker 1: is just about everything, everything, and I do say everything
• 6:40
  Speaker 1: goes through AWS.
• 6:43
  Speaker 4: Well, look at Amazon when it started out. What did
• 6:45
  Speaker 4: they do? They sold books online.
• 6:47
  Speaker 1: Right. Right.
• 6:48
  Speaker 4: That was it. And then they developed into the giant
• 6:51
  Speaker 4: that they were in retail, and then they got into
• 6:57
  Speaker 4: computers and AI and cloud data, and it's fantastic.
• 7:03
  Speaker 1: And you would remember when Amazon stock went public, Amazon
• 7:07
  Speaker 1: wasn't making any money. I mean, the delivery service, it
• 7:11
  Speaker 1: took a long time before it started to become profitable.
• 7:15
  Speaker 4: I remember when Jeff Bezos went on the Jay Leno show,
• 7:19
  Speaker 4: the Tonight Show.
• 7:20
  Speaker 1: Yes.
• 7:21
  Speaker 4: And he had the big, remember the big funny hat
• 7:23
  Speaker 4: he had? And Leno was making fun of him. You
• 7:27
  Speaker 4: run a company, it doesn't make any business, and why
• 7:29
  Speaker 4: should we believe you? And it was, I couldn't believe it.
• 7:33
  Speaker 4: I said, boy, he's really mocking this guy, and look
• 7:36
  Speaker 4: what he's become.
• 7:37
  Speaker 1: I mean, can you imagine? I mean, Amazon is great.
• 7:41
  Speaker 1: I mean, it is, it's, it's great. You can order any,
• 7:44
  Speaker 1: I could order something during a commercial break and it'd
• 7:46
  Speaker 1: be at your house tomorrow or the next day. I mean,
• 7:49
  Speaker 1: it's just, it exposed you to so many other products
• 7:53
  Speaker 1: that you might not have in your local store. It
• 7:55
  Speaker 1: can be delivered right to your house. It's just, it's phenomenal.
• 7:59
  Speaker 1: It's hard to imagine now that you have it, life
• 8:03
  Speaker 1: without it. But, uh, I mean, it's just a great thing.
• 8:08
  Speaker 1: And I bring that up. I just want to go
• 8:10
  Speaker 1: back to this SpaceX. So did you buy any?
• 8:14
  Speaker 4: What I did do, I sold contracts this morning.
• 8:18
  Speaker 1: Okay, so you're way over my head on this. I mean,
• 8:22
  Speaker 1: are you going to buy any of the actual stock?
• 8:26
  Speaker 4: Well, here's what I did today. I laid out, if
• 8:29
  Speaker 4: I have to buy the stock... It's like $ 124, 000 today.
• 8:36
  Speaker 4: It's cash-secured puts. I sold six. Actually, I sold two
• 8:44
  Speaker 4: more when I was listening to you on the radio
• 8:48
  Speaker 4: with the callers. At a quarter to four, I sold
• 8:50
  Speaker 4: two more contracts through Schwab. So I have eight total contracts.
• 8:57
  Speaker 4: The strike price is $ 155, 000. Expiration date is July 17th.
• 9:05
  Speaker 4: So if in July, on the 17th, if that SpaceX
• 9:10
  Speaker 4: is trading at $ 155 or below, I'm obligated to buy
• 9:14
  Speaker 4: the shares. I have to buy 100 shares for contract,
• 9:21
  Speaker 4: which would be 800 shares. And my profit today was...
• 9:28
  Speaker 4: The average, I averaged out in the morning, I was
• 9:31
  Speaker 4: getting six, I think it was $ 620, $ 630 a contract.
• 9:35
  Speaker 4: And when I made my last trade, it was $ 7, $ 710.
• 9:42
  Speaker 4: So I made about $ 5, 200 today selling those contracts. And
• 9:48
  Speaker 4: I'm just going to let them go until next month.
• 9:52
  Speaker 4: If they expire and they're above 155, I'll just rewrite
• 9:56
  Speaker 4: the contracts. There's two outcomes. You have outcome A, the
• 10:03
  Speaker 4: stock drops. You have to buy the shares. But you're
• 10:08
  Speaker 4: buying the shares at a lower price and you got
• 10:10
  Speaker 4: paid to buy the shares. Outcome B is The stock
• 10:14
  Speaker 4: stays up. The options expire. They're worthless. You keep the
• 10:18
  Speaker 4: cash that you sold the contracts for, and you just
• 10:22
  Speaker 4: repeat the process. And actually, there's one other option. You
• 10:26
  Speaker 4: can always buy to close your contract at any time.
• 10:31
  Speaker 4: If you want to get out of the contract, you
• 10:32
  Speaker 4: can buy it at any time before it expires.
• 10:38
  Speaker 1: All right. Yeah, you're in a whole other realm than
• 10:41
  Speaker 1: the average investor, would you not agree? I mean, when
• 10:43
  Speaker 1: you're talking this kind of stuff. I mean, do you
• 10:46
  Speaker 1: think the average, in your opinion, do you think the
• 10:49
  Speaker 1: average guy, I think the stock was at 200 or
• 10:52
  Speaker 1: something today, if I'm not mistaken. Do you think the
• 10:55
  Speaker 1: average guy should buy, if you can, some shares of SpaceX? No,
• 11:01
  Speaker 1: I wouldn't buy it at 200.
• 11:03
  Speaker 4: I mean, I would buy it at 155. The range today,
• 11:08
  Speaker 4: it went up to 225. It opened around 251. Right now,
• 11:15
  Speaker 4: it's trading at 201.58. Like I said, it's a great company,
• 11:21
  Speaker 4: but the average guy should not be buying one stock.
• 11:25
  Speaker 4: And I listened to your financial show last night. Was
• 11:29
  Speaker 4: that a tape show?
• 11:30
  Speaker 1: Yes, yes.
• 11:31
  Speaker 4: Okay, so... I guess I'm breaking all the rules that
• 11:35
  Speaker 4: I don't have a diversified portfolio. I'm mainly 95% stocks
• 11:43
  Speaker 4: in tech, and they're concentrated. And what got me to
• 11:49
  Speaker 4: do that was back when Warren Buffett, through Berkshire Hathaway,
• 11:54
  Speaker 4: made Apple his number one stock. And the slogan back
• 11:58
  Speaker 4: then was, just buy Apple, stupid. That's the only thing
• 12:01
  Speaker 4: you have to do in the market, just buy Apple.
• 12:04
  Speaker 4: At one time, it was 42% of his portfolio was Apple,
• 12:09
  Speaker 4: Berkshire Hathaway.
• 12:10
  Speaker 1: And that's what you... So did you, as a result
• 12:15
  Speaker 1: of that, then you bought a bunch of Apple back then?
• 12:18
  Speaker 4: I bought a bunch of Apple. Well, I had Apple.
• 12:20
  Speaker 4: I bought a bunch more, and I told all of
• 12:23
  Speaker 4: my relatives, just buy Apple. They thought I was crazy.
• 12:26
  Speaker 4: They didn't do it, but some of them did. But
• 12:30
  Speaker 4: I haven't sold a share, and that's where they were
• 12:34
  Speaker 4: saying last night, they're correct. Take some money off the table.
• 12:38
  Speaker 4: Take some profits off when your stocks run so far.
• 12:42
  Speaker 4: you want to pare back. All of the fund managers
• 12:44
  Speaker 4: do that. I don't know if you know who Kathy
• 12:48
  Speaker 4: Woods is that runs the ARC funds.
• 12:50
  Speaker 1: I do not, but my question to you would be,
• 12:52
  Speaker 1: let's say if you could buy SpaceX at, let's just
• 12:56
  Speaker 1: say $ 200, you don't think that potentially a year from
• 13:00
  Speaker 1: now that stock could be significantly more than that? I'm
• 13:03
  Speaker 1: not saying like a NVIDIA, but it could soar?
• 13:07
  Speaker 4: Here's the thing. The lockup is going to expire in
• 13:11
  Speaker 4: six months on SpaceX. So I think that puts a
• 13:15
  Speaker 4: ceiling on the stock as far as when that lockup hits,
• 13:20
  Speaker 4: all the people can get out of their shares at
• 13:25
  Speaker 4: a profit, at a very big profit. Those are the
• 13:28
  Speaker 4: employees for the company and all the funds that had
• 13:31
  Speaker 4: access to the IPO. So, no, I wouldn't buy it.
• 13:36
  Speaker 4: I think it's going to be higher in a year
• 13:38
  Speaker 4: from now or two years. But in the meantime, every month,
• 13:42
  Speaker 4: I'll be knocking down probably $ 5, 000 for the next four months.
• 13:47
  Speaker 4: And when it gets closer to the lockup, that's when
• 13:50
  Speaker 4: I'm going to stop selling the options on it, the
• 13:53
  Speaker 4: cash secured.
• 13:54
  Speaker 1: So you think in six months when people can start
• 13:56
  Speaker 1: to sell their shares, the price will come down?
• 13:59
  Speaker 4: Yes. There's always an opportunity. You've got to be patient
• 14:03
  Speaker 4: in the market. Never get caught up in the mania.
• 14:07
  Speaker 4: And who said it?
• 14:09
  Speaker 1: All right, so you think six months from now, wouldn't
• 14:14
  Speaker 1: it be something, because many of these people got a
• 14:16
  Speaker 1: lot of these shares, the employees and what have you,
• 14:19
  Speaker 1: you would think to a certain extent they would want
• 14:21
  Speaker 1: to keep them because the future, at $ 200 a share,
• 14:25
  Speaker 1: the future they could be $ 1, 200 a share or more.
• 14:30
  Speaker 4: Well, it depends on their circumstance. A lot of the
• 14:32
  Speaker 4: employees aren't upper-level executives or engineers anymore. They're just basic
• 14:38
  Speaker 4: janitors at the company. They're going to be millionaires. So
• 14:44
  Speaker 4: they'd probably be inclined to sell their shares.
• 14:47
  Speaker 1: So you think that in six months you'll be able
• 14:49
  Speaker 1: to buy it for less, in your opinion, than you
• 14:51
  Speaker 1: can today?
• 14:52
  Speaker 4: I think there's always an opportunity. That's what Buffett always said.
• 14:55
  Speaker 4: You buy when there's blood on the streets. When everybody's selling,
• 14:59
  Speaker 4: you buy. And when there's mania..
• 15:01
  Speaker 1: Stand by. Just hang on for a minute. I'll get
• 15:03
  Speaker 1: back to him with more in a minute. News Radio
• 15:06
  Speaker 1: 570 WKBN. This is a 570 WKBN. I want to
• 15:11
  Speaker 1: go back here and say, I mean, theoretically, I mean,
• 15:14
  Speaker 1: it's one of those stocks that I'm wondering if you
• 15:17
  Speaker 1: shouldn't buy and hold, like a SpaceX, whatever that number is,
• 15:20
  Speaker 1: 155 or 200. and sit on for 10 years. I mean,
• 15:24
  Speaker 1: if you're young, if you're young, you buy it and
• 15:29
  Speaker 1: just sit on it, and it could make a big difference.
• 15:34
  Speaker 1: I'm not talking about buying it and selling it a
• 15:35
  Speaker 1: year later. I'm saying actually sit on it for a
• 15:38
  Speaker 1: while and see.
• 15:39
  Speaker 4: I'm going to say one thing before I bore more
• 15:42
  Speaker 4: of your audience and they start shutting the radio off.
• 15:45
  Speaker 4: There was more call buying today than put selling. So
• 15:49
  Speaker 4: people were buying... in the money deep in the money
• 15:53
  Speaker 4: puts excuse me deep in the money calls on spacex
• 15:59
  Speaker 4: it for that same time period seven seventeen at a
• 16:02
  Speaker 4: strike price of two hundred it would cost you uh...
• 16:07
  Speaker 4: two thousand seven hundred dollars to buy one contract which
• 16:11
  Speaker 4: would give you the right to buy so they're bullish
• 16:14
  Speaker 4: that that stocks going to be at two hundred or
• 16:17
  Speaker 4: above and there was like way more call buying than
• 16:22
  Speaker 4: put selling. So there are a lot of people that
• 16:25
  Speaker 4: are bullish. And you could make a lot of money
• 16:30
  Speaker 4: buying deep in the money calls. And that's a whole
• 16:32
  Speaker 4: other ballgame, but I'm.
• 16:33
  Speaker 1: Not going to bore you. But it shows you that
• 16:35
  Speaker 1: people are thinking it's Elon Musk, it's SpaceX, it's going
• 16:40
  Speaker 1: to be similar to like Apple in the beginning or
• 16:43
  Speaker 1: Amazon in the beginning.
• 16:45
  Speaker 2: Exactly.
• 16:46
  Speaker 4: A guy like Musk, like I said, he only comes
• 16:48
  Speaker 4: around once every 500 years. And when he does... Take
• 16:52
  Speaker 4: advantage of it.
• 16:54
  Speaker 1: So you still, you're mainly in, like AI is going
• 16:58
  Speaker 1: to be huge. I don't care where it goes. It's
• 17:02
  Speaker 1: going to be around. So you're heavily into NVIDIA and
• 17:06
  Speaker 1: AI as far as you're not diversified. You're saying you're
• 17:10
  Speaker 1: betting it all on the future of AI.
• 17:13
  Speaker 4: I've been doing that for the last 10 years. And
• 17:16
  Speaker 4: I listened to the show last night and I said, yeah, boy,
• 17:19
  Speaker 4: I'm breaking all the rules, but it's paid off. And
• 17:24
  Speaker 4: basically my stocks, I'll just run down them real quick. Apple, Amazon,
• 17:29
  Speaker 4: I have crypto, Coinbase Global, Google, both classes, Meta, which
• 17:34
  Speaker 4: I love a lot for AI, Microsoft, NVIDIA, and Palantir Technologies.
• 17:41
  Speaker 4: And then I have my options that I trade. These
• 17:45
  Speaker 4: other stocks I just hold.
• 17:47
  Speaker 1: Right, okay. And how do you think the economies... What
• 17:51
  Speaker 1: are you going to do? If you had to judge
• 17:53
  Speaker 1: it today, Tuesday, June 16th, it looks like the things...
• 17:57
  Speaker 1: I mean, it appears that maybe the war will be
• 18:00
  Speaker 1: behind us, oil prices down. I mean, how do you
• 18:03
  Speaker 1: assess where things are going?
• 18:06
  Speaker 4: I think things are going good, but it's like trying
• 18:08
  Speaker 4: to turn around a big supertanker. I mean, Trump has
• 18:11
  Speaker 4: screwed it up so much that he didn't have to,
• 18:15
  Speaker 4: but now he's headed back on the right path, and
• 18:18
  Speaker 4: I'm very... You know, I've got to see what happens
• 18:21
  Speaker 4: this week with the Fed. That's the big thing. I
• 18:24
  Speaker 4: hope they just leave interest rates the same and don't
• 18:27
  Speaker 4: hike them. If they do, that will be okay. And
• 18:30
  Speaker 4: then if they cut later on in the year, it'll
• 18:33
  Speaker 4: be a lot better.
• 18:34
  Speaker 1: All right, stand by for a minute. I want to
• 18:37
  Speaker 1: come back to him in a minute and pick his
• 18:39
  Speaker 1: brain a little bit more. Smart guy. Back in a minute.
• 18:42
  Speaker 1: NewsRadio 570 WKVN. NewsRadio 570 WKVN. Oops, there we go.
• 19:08
  Speaker 1: News Radio 570 WKVN and Runford. All right, let me
• 19:11
  Speaker 1: go back to you. So how do you think things
• 19:13
  Speaker 1: are going to happen with the economy?
• 19:15
  Speaker 4: Well, like I said, I'm waiting for Warsh, Kevin Warsh,
• 19:19
  Speaker 4: to come out this week, and we'll see what he's
• 19:22
  Speaker 4: going to do with interest rates. And hopefully he'll hold
• 19:25
  Speaker 4: them where they're at and not raise them because of
• 19:29
  Speaker 4: the inflation that was caused by the war that's going
• 19:33
  Speaker 4: to be wrapped up.
• 19:34
  Speaker 2: Soon, I hope.
• 19:35
  Speaker 1: But you think the economy's going to turn around and
• 19:38
  Speaker 1: start going in the right direction?
• 19:39
  Speaker 4: We still have that oil shortage.
• 19:41
  Speaker 1: Yeah.
• 19:42
  Speaker 4: It's going to impact us for the next couple of
• 19:44
  Speaker 4: months until that gets back to where it was. There's
• 19:48
  Speaker 4: that hole that they keep saying. the hole, I don't
• 19:50
  Speaker 4: really follow oil, but they said this is going to
• 19:54
  Speaker 4: go into late August, possibly September with high prices. But
• 19:59
  Speaker 4: other than that, the economy's good. Everything looks good. If
• 20:02
  Speaker 4: we can just take care of the fraud, we'd be
• 20:05
  Speaker 4: in great shape. The They had a story on California
• 20:13
  Speaker 4: on fraud. This is a quick example. This was in 2021.
• 20:19
  Speaker 4: California had a program for children to provide hearing aids
• 20:24
  Speaker 4: for low-income children, and it was a $ 23 million program. Okay,
• 20:29
  Speaker 4: fast forward. New York Post just did a follow-up on
• 20:33
  Speaker 4: where we're at today. They've only given out 300 hearing
• 20:37
  Speaker 4: aids after five years. at $ 76, 000 per hearing aid. So
• 20:42
  Speaker 4: the fraud in California is rampant. And I hate to
• 20:47
  Speaker 4: say Ohio is not much better, but we've got a
• 20:49
  Speaker 4: governor that I hate to call him a crook, but
• 20:51
  Speaker 4: the guy I think is a crook. He's ignoring Columbus,
• 20:56
  Speaker 4: ignoring Springfield, ignoring all the other Medicare fraud that's been
• 21:02
  Speaker 4: going on in the state, and we're talking about lowering
• 21:05
  Speaker 4: our property tax if we just took care of the fraud,
• 21:09
  Speaker 4: we wouldn't need a property tax. But that's my big concern.
• 21:13
  Speaker 1: He doesn't seem very motivated to do anything with it.
• 21:17
  Speaker 4: No, and there's only a few state senators that care,
• 21:20
  Speaker 4: like the guy that you have on every Thursday. He's
• 21:22
  Speaker 4: really good.
• 21:23
  Speaker 1: Yeah, Dave Thomas.
• 21:25
  Speaker 4: Yeah, but the other politicians I have no use for.
• 21:29
  Speaker 4: But I'm bullish on the economy. Two years out, and
• 21:34
  Speaker 4: the people that I follow who are really smart people
• 21:39
  Speaker 4: see very big positive things in the next two years.
• 21:44
  Speaker 1: Are you concerned? The other day when I was talking
• 21:46
  Speaker 1: with John Arnold on his program, John Arnold actually said,
• 21:49
  Speaker 1: he said, I don't like to use the word scared.
• 21:52
  Speaker 1: because he just doesn't like to use it. But he says,
• 21:55
  Speaker 1: I'm paraphrasing, AI scares me. He says, because already you
• 21:59
  Speaker 1: can see where AI has cut a lot of jobs,
• 22:02
  Speaker 1: tens of thousands of jobs at this point in time.
• 22:06
  Speaker 1: And he seems to think it's going to cut, in
• 22:09
  Speaker 1: a very short period of time, it's going to cut
• 22:11
  Speaker 1: a lot of jobs.
• 22:13
  Speaker 4: But it's going to increase in other areas. It's going
• 22:17
  Speaker 4: to increase employment, I believe, and it's actually going to
• 22:19
  Speaker 4: help us. It's going to be a tool. to grow
• 22:22
  Speaker 4: the economy. I'm very positive on AI, except that they
• 22:27
  Speaker 4: had to put the brakes on as far as the
• 22:30
  Speaker 4: government was concerned that it was so advanced that it
• 22:35
  Speaker 4: was finding software bugs and looking into software places that
• 22:39
  Speaker 4: it shouldn't be doing. That's what worries me, that it
• 22:43
  Speaker 4: sort of takes off on its own.
• 22:45
  Speaker 1: So you don't think it's going to devastate the workforce?
• 22:50
  Speaker 4: I don't think so.
• 22:52
  Speaker 1: No.
• 22:52
  Speaker 4: Certain sectors it will, but other sectors it won't. All right.
• 23:02
  Speaker 4: All in all, the people that I follow, they're not
• 23:04
  Speaker 4: concerned about that as far as the employment. I mean,
• 23:07
  Speaker 4: there will be jobs out there. You might have to
• 23:11
  Speaker 4: go into different areas, but, you know.
• 23:14
  Speaker 1: Right. The technology will replace some, but not all.
• 23:18
  Speaker 3: Right.
• 23:19
  Speaker 4: And you're going to still need, like I said, plumbers, electricians, welders.
• 23:26
  Speaker 1: Yeah, painters.
• 23:27
  Speaker 4: Those people can make it. Nurses, yes. Technical people. People
• 23:32
  Speaker 4: like Dieter.
• 23:33
  Speaker 2: Right.
• 23:34
  Speaker 4: Putting in air conditioners and heaters. I mean, you need
• 23:37
  Speaker 4: skilled people like that.
• 23:38
  Speaker 1: Right.
• 23:39
  Speaker 4: And they make a pretty good buck.
• 23:41
  Speaker 3: Right.
• 23:41
  Speaker 4: It's not like, I mean, they make, not like the
• 23:45
  Speaker 4: old days, but... We shall see if they can chop
• 23:50
  Speaker 4: government employment. That's why Musk was so successful when he
• 23:53
  Speaker 4: went in there. And I had high hopes for him
• 23:56
  Speaker 4: the first year that Trump had him there, uncovered all
• 23:59
  Speaker 4: the fraud, showed where all the fraud was going, showed
• 24:03
  Speaker 4: that we could have eliminated our income tax if we
• 24:07
  Speaker 4: would just stop the fraud. And our Congress and senators
• 24:12
  Speaker 4: did nothing.
• 24:13
  Speaker 1: No, they did something. They were against Musk. I mean,
• 24:18
  Speaker 1: they really wanted to drive him out because he was
• 24:20
  Speaker 1: exposing all of the corruption and the money stealing. And
• 24:24
  Speaker 1: if he can't solve the problem, I don't think there's
• 24:27
  Speaker 1: anyone that's going to be willing to take it on
• 24:29
  Speaker 1: that has the brainpower, the technology, or the buffer that
• 24:33
  Speaker 1: he has.
• 24:34
  Speaker 4: No, and he paid the price when his Tesla stock,
• 24:37
  Speaker 4: it went in the tank, and people were keying Tesla
• 24:40
  Speaker 4: cars and destroying dealerships. I mean, he paid a price
• 24:45
  Speaker 4: for he was working for free trying to help the
• 24:48
  Speaker 4: country out, and that's how we repaid him.
• 24:51
  Speaker 1: Yeah, which is the politics of it all, by name-calling
• 24:56
  Speaker 1: him and terrorizing his dealership, so much so that he
• 24:59
  Speaker 1: left to go address his own business. So the people
• 25:02
  Speaker 1: who use those techniques, it worked, but his taxpayers were
• 25:05
  Speaker 1: screwed as a result of it, I think.
• 25:07
  Speaker 4: Yeah, and what I really like is when he's going
• 25:10
  Speaker 4: to put these compute centers in orbit. And there was
• 25:14
  Speaker 4: a Democrat that came out criticizing Trump.
• 25:17
  Speaker 1: I mean, you know, it's so hard to imagine that.
• 25:21
  Speaker 1: Basically what you're saying to me, now this is hard
• 25:23
  Speaker 1: to even grasp this. I mean, you're saying these data
• 25:27
  Speaker 1: centers that all these communities are bellyaching about and this
• 25:30
  Speaker 1: kind of stuff. As I say, everyone will use it.
• 25:33
  Speaker 1: And a data center is not a bad thing to
• 25:36
  Speaker 1: have in your area. I don't think it's an evil thing.
• 25:39
  Speaker 1: It's not like having a big polluter or anything like that.
• 25:43
  Speaker 1: It's probably worth having. But you're saying you think, you
• 25:46
  Speaker 1: honestly think that, let's say, I'll give you five years
• 25:50
  Speaker 1: or so, that they'll be obsolete because Musk thinks you
• 25:53
  Speaker 1: can put them in like a satellite in outer space?
• 25:57
  Speaker 4: His top engineer at SpaceX said it'll be 30 to
• 26:01
  Speaker 4: 32 months They'll be in space. It's very doable. They
• 26:06
  Speaker 4: have the rockets. And here's my other question. Why do
• 26:09
  Speaker 4: we have NASA with our diversity programs and our astronauts?
• 26:15
  Speaker 4: We have one from Canada. We have one minority. We
• 26:19
  Speaker 4: have a, you know, give it to SpaceX. You can't
• 26:24
  Speaker 4: make rockets better than Musk. He makes the biggest rockets.
• 26:28
  Speaker 4: They're reusable.
• 26:30
  Speaker 2: They're cheap.
• 26:30
  Speaker 4: They're dependable. And I don't know why anything the government
• 26:35
  Speaker 4: gets involved in, they can't compete with the private sector
• 26:42
  Speaker 4: as far as cost and efficiency.
• 26:45
  Speaker 1: And when you look at Elon Musk, you say he's what?
• 26:49
  Speaker 1: He's like the Thomas Edison of his time?
• 26:51
  Speaker 4: Yeah, he's like the Da Vinci of his time. The
• 26:56
  Speaker 4: guy is, I don't know how he comes up with
• 26:59
  Speaker 4: all these ideas. And the most fascinating one is, which
• 27:03
  Speaker 4: I never thought he would do, is the NeuroLink. For
• 27:06
  Speaker 4: people that are paraplegics and they can't walk, they can't move,
• 27:11
  Speaker 4: he's doing the NeuroLinks where it's going to advance medicine
• 27:14
  Speaker 4: to the point where these people are going to be
• 27:16
  Speaker 4: mobile again. And it's, I don't know how he thinks
• 27:20
  Speaker 4: of these things at night, but..
• 27:22
  Speaker 1: Well, I don't know if it's just him. He's got
• 27:24
  Speaker 1: a whole staff of people.
• 27:26
  Speaker 4: Oh, yeah, right, right. But he is, the idea is
• 27:28
  Speaker 4: the seeds come from his brain. and then he hires
• 27:32
  Speaker 4: the right people, and people want to work for him.
• 27:35
  Speaker 4: But real quick to the data centers, the Democrat, this
• 27:39
  Speaker 4: lady congressperson, said that, oh, he can't put those in
• 27:44
  Speaker 4: space because space is a vacuum, and you won't be
• 27:47
  Speaker 4: able to get rid of the heat or.
• 27:49
  Speaker 3: Cool it down.
• 27:50
  Speaker 4: And I'm going, oh, you moron. This is what we
• 27:53
  Speaker 4: have in Congress. That's why he's going to put them
• 27:56
  Speaker 4: up there. Cooling is going to be zero. It's going
• 27:59
  Speaker 4: to be zero. Not a cost, whereas if you put
• 28:02
  Speaker 4: them on Earth, you need constant water cooling and you
• 28:06
  Speaker 4: need power generation. The generation in space will be so
• 28:10
  Speaker 4: efficient and the cooling 100% efficient. And his biggest plant
• 28:17
  Speaker 4: now is in Memphis, Tennessee, his data center. And I
• 28:21
  Speaker 4: don't hear any complaints about that. It's the largest in
• 28:24
  Speaker 4: the world.
• 28:26
  Speaker 1: It's amazing. I mean, you see, it's amazing.
• 28:29
  Speaker 3: All right.
• 28:29
  Speaker 1: I appreciate everything. Thank you for all you do. Appreciate it.
• 28:32
  Speaker 4: Talk to you later.
• 28:33
  Speaker 1: All right. Snooze Radio 570. Don't you kill you. And
• 28:35
  Speaker 1: you're on the air.
• 28:35
  Speaker 3: Oh, glad to hear that. How you doing, Ron?
• 28:39
  Speaker 1: Good. Go ahead.
• 28:40
  Speaker 3: You haven't been by to see the new antenna.
• 28:43
  Speaker 1: Oh, no, I have not.
• 28:44
  Speaker 3: It's up there.
• 28:46
  Speaker 1: How's it working?
• 28:49
  Speaker 3: It could be better, I think.
• 28:52
  Speaker 1: Now, why could it be better? Why shouldn't it be
• 28:55
  Speaker 1: good from, I mean, you put it back together, shouldn't
• 28:58
  Speaker 1: it be working fine?
• 29:00
  Speaker 3: I put an intent above it, and it might be
• 29:02
  Speaker 3: affecting it.
• 29:03
  Speaker 1: All right, well, take it down.
• 29:04
  Speaker 3: So anyway, I really felt sorry for your buddy, the retiree,
• 29:12
  Speaker 3: that doesn't have time to go vote, but he voted
• 29:16
  Speaker 3: here for probably, what, 40, 45? six years.
• 29:19
  Speaker 1: Well, I don't, I don't know that he said he
• 29:21
  Speaker 1: didn't have the time as I explored it further. He has,
• 29:24
  Speaker 1: I mean, mobility's an issue for him. So that's why
• 29:28
  Speaker 1: he doesn't know.
• 29:29
  Speaker 3: Wait a minute. He started off, he didn't have the
• 29:31
  Speaker 3: time and he didn't want to stand in line and
• 29:34
  Speaker 3: wait as if he has so many things to do
• 29:38
  Speaker 3: during the day that he knows, like, what to advance.
• 29:42
  Speaker 1: Well, if you would have listened, you would have found
• 29:46
  Speaker 1: out because, I mean, some things people don't like to say.
• 29:49
  Speaker 1: He's got some mobility issues, and he talked about it.
• 29:51
  Speaker 3: And that was really going along with his story. And
• 29:55
  Speaker 3: then when he said about he had a mobility issue...
• 29:59
  Speaker 3: Then I really got mad because, you know, I think
• 30:03
  Speaker 3: you know I work the polls. And there was no
• 30:07
  Speaker 3: reason for him to blame his mobility issue because he
• 30:11
  Speaker 3: can go curbside. He doesn't have to get out of
• 30:14
  Speaker 3: his car.
• 30:15
  Speaker 1: Okay, but you're attacking a guy.
• 30:22
  Speaker 3: Which is probably not more than five or six are
• 30:25
  Speaker 3: willing to go out and vote.
• 30:28
  Speaker 1: What's the big damn deal? He does it the way
• 30:31
  Speaker 1: that it's legally. Well, I'm going to tell you.
• 30:34
  Speaker 4: Okay.
• 30:38
  Speaker 1: Knock it off.
• 30:39
  Speaker 3: He votes.
• 30:40
  Speaker 1: He just does it through Ohio's system of a mail-in ballot.
• 30:45
  Speaker 1: And here's the bottom line. He doesn't have to justify
• 30:51
  Speaker 1: it to you.
• 30:51
  Speaker 4: I didn't say he has to.
• 30:53
  Speaker 1: No, but you're attacking him for it.
• 31:00
  Speaker 3: Is a good, well done in Ohio. It's for people
• 31:04
  Speaker 3: like him, for people like you, you point out, all
• 31:07
  Speaker 3: the reasons you point out. Those who live in a
• 31:10
  Speaker 3: nursing home who obviously hope somebody with a little bit
• 31:14
  Speaker 3: of common sense is helping them vote, not somebody voting
• 31:19
  Speaker 3: for them. And I like the way Ohio's done. I
• 31:25
  Speaker 3: got involved with working about it, to see that things
• 31:30
  Speaker 3: were done on the up and up. Because with all
• 31:33
  Speaker 3: the conspiracy, and yesterday, I think it was, he said,
• 31:38
  Speaker 3: all this conspiracy is talking. It's coming out more and more.
• 31:42
  Speaker 3: It's being proven in all these other states that the
• 31:45
  Speaker 3: fraud is there. It's just a matter of time for
• 31:49
  Speaker 3: it all to come out. So, Ohio, I feel, from
• 31:53
  Speaker 3: my viewpoint... or how I take part in working the ballots,
• 31:59
  Speaker 3: I feel Ohio is doing it right and pretty darn secure. Okay?
• 32:05
  Speaker 3: I know how everything's done.
• 32:07
  Speaker 1: Right. I'm not talking about California with mailing the ballots out,
• 32:13
  Speaker 1: and I don't have a problem with the guy getting
• 32:15
  Speaker 1: a mail-in ballot in Ohio. I don't either.
• 32:18
  Speaker 3: I don't either, but he complains about it. If he goes,
• 32:21
  Speaker 3: he has to wait. Well, guess what? He should be
• 32:24
  Speaker 3: glad that he has to wait.
• 32:27
  Speaker 1: Okay, well, I tell you what, that's his business.
• 32:31
  Speaker 3: And when it comes to people being stupid about voting,
• 32:35
  Speaker 3: not voting enough, you know what, if they're too stupid
• 32:39
  Speaker 3: not to vote, I don't want them to vote because
• 32:42
  Speaker 3: they're probably not well-informed voters. Okay? I want well-informed voters.
• 32:47
  Speaker 3: When I was a kid, I don't think I have voted.
• 32:53
  Speaker 3: I think I voted every single time from high school,
• 32:58
  Speaker 3: graduating in 1977. I don't think there's one time I've
• 33:02
  Speaker 3: ever missed voting, at the very most once, okay? And
• 33:08
  Speaker 3: at that time, computers were coming out. And I thought, oh, man,
• 33:11
  Speaker 3: this would be great. We'll be able to vote from home,
• 33:14
  Speaker 3: or we'll be able to shop from home, And I
• 33:17
  Speaker 3: realize all the fallacies now of doing that. The fraud
• 33:22
  Speaker 3: is possible because somebody is voting from home on their computer.
• 33:27
  Speaker 3: or somebody's helping them vote, or..
• 33:30
  Speaker 1: Listen, I don't know how to tell you this. I
• 33:33
  Speaker 1: sit here in Ohio, and I'm not worried about a
• 33:35
  Speaker 1: lot of fraud in Ohio and how we do our elections.
• 33:38
  Speaker 1: So I'm not worried about how we do it here.
• 33:40
  Speaker 1: This is where I live. I pointed out in California,
• 33:43
  Speaker 1: I'm glad I don't live there. And I think there
• 33:46
  Speaker 1: in Colorado is ripe with fraud when you're mailing everybody
• 33:49
  Speaker 1: a ballot. So I have no problem with people in
• 33:52
  Speaker 1: Ohio mailing a ballot in, and I'm not going to
• 33:54
  Speaker 1: question a guy that has mobility issues doing it his
• 33:57
  Speaker 1: way or criticize him for it. It's none of your
• 34:00
  Speaker 1: damn business. Okay, period.
• 34:04
  Speaker 3: That's the way the system is done intentionally so he
• 34:08
  Speaker 3: can vote.
• 34:09
  Speaker 1: Okay.
• 34:09
  Speaker 3: And without a problem.
• 34:11
  Speaker 1: Listen, I'm not going to go on with this if
• 34:13
  Speaker 1: you want to criticize him. Because I don't agree with
• 34:16
  Speaker 1: it at all. He can do what he wants to do.
• 34:18
  Speaker 1: It's his life. We have mail-in ballots. You don't have
• 34:21
  Speaker 1: a problem with it. Who are you to tell him
• 34:23
  Speaker 1: he should be doing it the other way? He doesn't
• 34:25
  Speaker 1: have to. He's going to do it his way.
• 34:28
  Speaker 3: Okay, he's entitled to his opinion.
• 34:35
  Speaker 1: Okay, but you don't know him, and you don't know
• 34:38
  Speaker 1: his mobility issues or what his problem is.
• 34:41
  Speaker 4: Okay, who are you to criticize him?
• 34:45
  Speaker 1: I'm going to say it again. It's none of your
• 34:48
  Speaker 1: damn business. It has nothing to do with you. It's
• 34:52
  Speaker 1: none of your damn business.
• 34:53
  Speaker 3: Him criticizing other people being there to vote. Because he
• 34:58
  Speaker 3: has to wait for them to vote.
• 35:00
  Speaker 1: He says he doesn't want to wait.
• 35:02
  Speaker 3: The way things are done.
• 35:03
  Speaker 1: Okay, you know, I'm not going to go. Listen, I
• 35:07
  Speaker 1: don't give a damn. He's entitled to his opinion with
• 35:10
  Speaker 1: his issues that he's having.
• 35:14
  Speaker 3: And whether he wants to go, you don't have to
• 35:17
  Speaker 3: get out of the car.
• 35:18
  Speaker 1: I don't give a damn. He doesn't even have to
• 35:20
  Speaker 1: do that. He can vote by mail. Who are you
• 35:22
  Speaker 1: to criticize him? Then get off his ass. Then get
• 35:26
  Speaker 1: off his ass. Who are you to tell him what
• 35:28
  Speaker 1: he should do?
• 35:29
  Speaker 3: I'm going to tell him what he should do. I'm done.
• 35:33
  Speaker 1: I'm done. I'm done. You're on the air. Hello. You're
• 35:41
  Speaker 1: on the air. Wait a second. You're on the air.
• 35:45
  Speaker 1: Stand by.
• 35:46
  Speaker 5: I gave you a hard time.
• 35:47
  Speaker 1: Stand by.
• 35:50
  Speaker 3: Hang on.
• 35:50
  Speaker 1: I'll come right back to you after this. Youngstown's News, Weather,
• 35:55
  Speaker 1: and Talk Station, 570 WKBN. All right. Your turn.
• 36:02
  Speaker 5: Well, first of all, they allow that guy to work
• 36:05
  Speaker 5: at the polls?
• 36:07
  Speaker 1: I mean, it's like. I have no problem with how
• 36:09
  Speaker 1: we do the mail-in ballots here, but it's like, I
• 36:12
  Speaker 1: guess you do have a problem because this guy with
• 36:14
  Speaker 1: mobility issues does it that way, and you don't want
• 36:18
  Speaker 1: to stand or be in line, and you want to
• 36:20
  Speaker 1: tell him he should get in his car and drive
• 36:21
  Speaker 1: down there. It's none of your damn business.
• 36:24
  Speaker 3: Well, how do you let this guy work at the polls?
• 36:25
  Speaker 3: I don't get that.
• 36:28
  Speaker 5: The second thing is, before I get into what I
• 36:30
  Speaker 5: told you two months ago, is the reason why the
• 36:32
  Speaker 5: gas prices are going down is because we've dipped way, way,
• 36:36
  Speaker 5: way into our strategic reserves. And I think that's going
• 36:38
  Speaker 5: to come back and bite us because we're going to
• 36:40
  Speaker 5: have to pay more for it to replace it, more
• 36:43
  Speaker 5: per barrel to replace it than what we used. Now,
• 36:46
  Speaker 5: I told you something two months ago. I think I
• 36:49
  Speaker 5: told G2 this, right? I hope G2 was listening. When
• 36:53
  Speaker 5: you guys are saying, well, how do we come out
• 36:55
  Speaker 5: of this? I told you how we can come out
• 36:59
  Speaker 5: of this, but Donald Trump is not going to let us. Now,
• 37:04
  Speaker 5: let me tell you what happened. You can believe me
• 37:06
  Speaker 5: or not, but I got the receipts. This is what happened.
• 37:10
  Speaker 5: The European Union, led by France's prime minister, United Kingdom, Canada, Russia, China,
• 37:22
  Speaker 5: I think it was like 38 states, All 38 of
• 37:26
  Speaker 5: those countries were speaking to Iran's foreign minister. And they
• 37:36
  Speaker 5: came up with the deal. Now, think about it. These
• 37:39
  Speaker 5: are the same people that came up with the deal
• 37:41
  Speaker 5: with Barack Obama. They came up with the deal. Iran says, okay.
• 37:47
  Speaker 5: Trump finds out about it, and he wants to say, well,
• 37:50
  Speaker 5: we need to do a memorandum of understanding, which would
• 37:53
  Speaker 5: give him 60 days, you know, towards the midterms to
• 37:59
  Speaker 5: help him out. But the fact of the matter is this.
• 38:01
  Speaker 5: The deal is on the table. The deal was made
• 38:04
  Speaker 5: without Donald Trump. That's when Donald Trump says, well, I
• 38:08
  Speaker 5: don't really know what the deal is because he didn't
• 38:10
  Speaker 5: negotiate it. All the other nations, and they set a
• 38:13
  Speaker 5: trap for them. When you come over with the G7,
• 38:16
  Speaker 5: nobody's talking to them. They make them look like a fool.
• 38:19
  Speaker 5: But everybody but the United States is on board with this.
• 38:23
  Speaker 3: And you know what the bad part about it is?
• 38:25
  Speaker 5: This deal is worse than Obama's deal.
• 38:29
  Speaker 3: All right, stand by.
• 38:32
  Speaker 1: One minute, stand by. Let me do my headlines at
• 38:33
  Speaker 1: 5 and hear more of this. NewsRadio 570, Dodie Kivian
• 38:37
  Speaker 1: and Ron Furb from the Kingdom of Mahoning. Back in
• 38:39
  Speaker 1: a bit.
• 38:45
  Speaker 6: From ABC News, I'm Lindsay Davis, anchor of Prime, streaming
• 38:50
  Speaker 6: weeknights on ABC News Live. The FBI director announced five
• 38:54
  Speaker 6: arrests today in connection with a foil drone attack at
• 38:56
  Speaker 6: the UFC event at the White House Sunday. Sources tell
• 38:59
  Speaker 6: ABC News the alleged plot involved using drones packed with explosives.
• 39:03
  Speaker 6: The suspects across multiple states allegedly used signal chat and
• 39:06
  Speaker 6: the group involved nearly two dozen people. ABC News contributor
• 39:10
  Speaker 6: and former FBI profiler Brad Garrett says it raises questions
• 39:13
  Speaker 6: about other possible plots. We don't know their motivation for
• 39:16
  Speaker 6: doing this, but the point being, could they have something
• 39:20
  Speaker 6: else lined up?
• 39:20
  Speaker 2: It's a long hot summer.
• 39:22
  Speaker 4: There's a lot of events that occur around the country.
• 39:26
  Speaker 1: Did they have something else planned?
• 39:27
  Speaker 6: President Trump at the G7 summit says he believes Iran
• 39:30
  Speaker 6: will finalize a memo of understanding this Friday, and it
• 39:33
  Speaker 6: includes Iran not having a nuclear weapon. But terms of
• 39:36
  Speaker 6: the peace deal have not been made public. Senate leader
• 39:39
  Speaker 6: John Thune says members of Congress need more information. Democratic
• 39:42
  Speaker 6: Senate Minority Leader Chuck Schumer is calling for the president
• 39:45
  Speaker 6: to hold a classified briefing.
• 39:46
  Speaker 7: Americans need to know how and when this war will
• 39:49
  Speaker 7: truly end. They need to know what's the deal on
• 39:53
  Speaker 7: the Strait of Hormuz, which has caused gas prices to
• 39:56
  Speaker 7: go through the roof.
• 39:57
  Speaker 6: Severe storms are targeting parts of central Texas, Louisiana, and
• 40:01
  Speaker 6: Mississippi again today, raising the risk of more flooding. ABC's
• 40:04
  Speaker 6: Melissa Dunn has more from the Gulf region.
• 40:07
  Speaker 8: Over already in San Antonio, there was flash flooding concerns there.
• 40:10
  Speaker 8: That turned deadly. A woman was trapped in her car,
• 40:12
  Speaker 8: did not survive. So that right now is the kind
• 40:15
  Speaker 8: of danger and concern we're seeing. Over in Houston, where
• 40:18
  Speaker 8: we were, the issue there is, of course, the bayous.
• 40:21
  Speaker 8: That's what controls, essentially, to prevent any flooding in the area.
• 40:25
  Speaker 8: They get filled up more than just half Half a foot,
• 40:28
  Speaker 8: it can be life-threatening.
• 40:30
  Speaker 6: In California, dry and hot conditions are the concern. Fire
• 40:33
  Speaker 6: crews are battling a wildfire for a second day in
• 40:35
  Speaker 6: Riverside County. The blaze has charred at least 2,600 acres
• 40:38
  Speaker 6: and is 25% contained. You're listening to ABC News.